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Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium

2971 Laughing Pne

2971 Laughing Pne

Sevierville, TN 37862

$969,000

2 bd · 2.5 ba · 2,217 sqft · Listed 1d ago

View on Realtor.com →
Negative cash flow

Year built

2023

Sqft

2,217

Lot sqft

46,174

HOA / mo

$3

Furnished

No

List date

2026-10-13T23:11:15.000000Z

Revenue

Annual revenue

$56,022

ADR

$245

Occupancy

63%

Cleaning fees (12 mo)

$9,655

Confidence

Low (42.3), 50 comps

Comp revenue range (p25 / median / p75)

$24,055$47,668$64,901

Median revenue of shown comps: $47,342

  • Moose-n Around: Cut Loose in the Smokies

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 404 ft

    Revenue $85,904ADR $370Occ ≈ 64%5★ (4)

    AirbnbVrbo

  • Moonlit Hideaway - Hot Tub, Views, Games + More!

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi

    Revenue $76,226ADR $267Occ ≈ 78%4.2★ (16)

    AirbnbVrboBooking

  • Fishing Pond, Stream, Hot Tub, Private Mtn Cabin

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi

    Revenue $37,145ADR $203Occ ≈ 50%4.8★ (224)

    AirbnbVrbo

  • Lazy Bear Lake, $560 FREE tickets each paid day

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.2 mi

    Revenue $72,647ADR $293Occ ≈ 68%4.7★ (35)

    AirbnbVrboBooking

  • Luxury Mountain Top Cabin: 2 king beds & Fire Pit

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.3 mi

    Revenue $76,421ADR $291Occ ≈ 72%5★ (206)

    AirbnbVrbo

  • Smoky Mtn Retreat | Hot Tub + Fireplace + Loft

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $24,390ADR $224Occ ≈ 30%4.6★ (12)

    AirbnbVrboBooking

  • "Heavenly-RAE" 2 Bedroom Cabin

    House · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $23,943ADR $332Occ ≈ 20%—

    AirbnbVrbo

  • 2 BR w/deck, Wi-Fi, full kitchen, W/D

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.3 mi

    Revenue $7,348ADR $237Occ ≈ 8%3★ (2)

    AirbnbVrboBooking

  • Sweet Serenity: Custom Log Cabin & Game Loft

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $48,957ADR $234Occ ≈ 57%4.6★ (9)

    AirbnbVrbo

  • Luxury Smoky Mountain Cabin with Hot Tub, Fireplace & Loft in Sevierville, TN

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.3 mi

    Revenue $21,816ADR $296Occ ≈ 20%—

    Vrbo

Show 33 more
  • Mountain Memories

    Vacation home · 2 bd · 3 ba · sleeps 6 · 0.4 mi

    Revenue $61,144ADR $264Occ ≈ 63%5★ (1)

    Booking

  • Smoky Mountain Cabin Near Pigeon Forge, Tub, Games

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.4 mi

    Revenue $20,397ADR $158Occ ≈ 35%4.5★ (20)

    AirbnbVrboBooking

  • Family friendly getaway cabin near Pigeon Forge

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.4 mi

    Revenue $24,562ADR $162Occ ≈ 42%4.7★ (185)

    Vrbo

  • Relaxation awaits you! Great location, easily accessible!

    Cabin · 2 bd · 3 ba · sleeps 6 · 0.4 mi

    Revenue $33,979ADR $318Occ ≈ 29%5★ (333)

    Vrbo

  • 2 king suites + 2 sofa beds + pool table

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.4 mi

    Revenue $47,993ADR $259Occ ≈ 51%4.8★ (68)

    AirbnbVrbo

  • Elegant & Cozy Cabin Near Pigeon Forge

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.4 mi

    Revenue $65,873ADR $236Occ ≈ 76%4.8★ (170)

    VrboBooking

  • *Smoky Jambearee* Luxury Cabin in Smoky Cove Resort.. Game Room, Pool, Hot Tub

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.4 mi

    Revenue $46,232ADR $278Occ ≈ 46%5★ (140)

    Vrbo

  • Cozy Fall Getaway | Mtn Views & Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $60,442ADR $214Occ ≈ 77%5★ (46)

    AirbnbVrboBooking

  • Spacious Cabin! Pool Access - MTN Views!

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.5 mi

    Revenue $54,640ADR $232Occ ≈ 65%4.7★ (105)

    AirbnbVrboBooking

  • Smoky Bluff Charm Mountain Cabin

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $35,971ADR $256Occ ≈ 38%5★ (238)

    AirbnbVrbo

  • Stylish Cabin Near Pigeon Forge

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $52,903ADR $209Occ ≈ 69%4.8★ (191)

    AirbnbVrbo

  • Relaxing Cabin-Hot Tub-Game Room-Large outdoors

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.5 mi

    Revenue $16,615ADR $210Occ ≈ 22%4.8★ (17)

    AirbnbVrboBooking

  • 2BR Mountainview Cabin w/ Free Attraction Tickets

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.5 mi

    Revenue $43,846ADR $354Occ ≈ 34%4.8★ (230)

    AirbnbVrboBooking

  • New Listing, 10 minutes to PF, 2 Suites, Gameroom.

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $1,064ADR $152Occ ≈ 2%5★ (1)

    Airbnb

  • Dog Welcome Cabin, Sleeps 8, Hot Tub, Community Po

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.5 mi

    Revenue $99,497ADR $338Occ ≈ 81%4.9★ (11)

    AirbnbVrboBooking

  • Amberwood by Bear Camp, Private

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.5 mi

    Revenue $47,342ADR $209Occ ≈ 62%4.2★ (40)

    AirbnbVrbo

  • Bluff Mountain Cabin | Hot Tub, Views, Pets OK

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $13,747ADR $271Occ ≈ 14%4.5★ (13)

    AirbnbVrbo

  • 9 miles to Dollywood-Hot Tub-King Beds-Gameroom

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $50,601ADR $270Occ ≈ 51%5★ (79)

    AirbnbVrbo

  • Nov Openings; Enjoy the creek & wildlife!

    House · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $54,435ADR $187Occ ≈ 80%5★ (357)

    AirbnbVrbo

  • Bear Tracks offers a perfect retreat for families

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.6 mi

    Revenue $26,325ADR $258Occ ≈ 28%4.8★ (7)

    AirbnbVrbo

  • Cozy 2BR cabin w hot tub & fire pit Free Tix

    House · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $14,199ADR $292Occ ≈ 13%—

    AirbnbVrbo

  • Mountain VIEWS for miles! Hot Tub & Pool table

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.6 mi

    Revenue $61,986ADR $225Occ ≈ 75%4.9★ (641)

    AirbnbVrbo

  • Mountain Sights, Spectacular Mtn Views, Hot Tub

    Cabin · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $82,517ADR $294Occ ≈ 77%4.8★ (39)

    AirbnbVrboBooking

  • Stellar View by American Patriot Getaways

    Vacation home · 2 bd · 2 ba · sleeps 6 · 0.6 mi

    Revenue $73,524ADR $261Occ ≈ 77%—

    Booking

  • Breathless Views | Private Heated Pool, Fire Pit

    Cabin · 2 bd · 2.5 ba · sleeps 6 · 0.6 mi

    Revenue $73,857ADR $308Occ ≈ 66%4.7★ (51)

    AirbnbVrbo

  • Dog Welcome Cottage Near Smokies, Sleeps 4, Firepi

    House · 2 bd · 2 ba · sleeps 4 · 0.6 mi

    Revenue $25,649ADR $162Occ ≈ 43%4.8★ (12)

    AirbnbVrboBooking

  • 2BR dog-friendly cottage w/Free Attraction Tickets

    House · 2 bd · 2 ba · sleeps 4 · 0.7 mi

    Revenue $12,367ADR $160Occ ≈ 21%4.8★ (58)

    AirbnbVrboBooking

  • Parton's Paradise Hottub/Firepit/Pink/in PF!

    House · 2 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $47,301ADR $253Occ ≈ 51%5★ (149)

    AirbnbVrbo

  • Spool Time | Pet Friendly, Swim Spa + Game Room!

    Cabin · 2 bd · 2 ba · sleeps 8 · 0.7 mi

    Revenue $79,627ADR $440Occ ≈ 50%4.5★ (31)

    AirbnbVrboBooking

  • Fully remodeled cabin in the Smoky Mtns with stunning views. Reopening special!

    Cabin · 2 bd · 2 ba · sleeps 4 · 0.7 mi

    Revenue $53,552ADR $203Occ ≈ 72%4.9★ (314)

    Vrbo

  • Ritz on the River.

    House · 2 bd · 2 ba · sleeps 6 · 0.7 mi

    Revenue $39,874ADR $157Occ ≈ 70%4.8★ (27)

    AirbnbVrboBooking

  • Gone Fishin

    Cabin · 2 bd · 2 ba · sleeps 5 · 0.7 mi

    Revenue $48,090ADR $202Occ ≈ 65%4.8★ (207)

    AirbnbVrbo

  • Penny's Peaceful Pines

    Cabin · 2 bd · 2.5 ba · sleeps 8 · 0.7 mi

    Revenue $1,562ADR $781Occ ≈ 1%—

    Airbnb

Revenue and nightly rate (ADR) are trailing-12-month figures per listing. Occupancy is estimated as revenue ÷ ADR ÷ 365 and can read high when revenue includes cleaning fees.

Cash flow calculator

Financing
Management
Term

Rate 8.15% = 7.40% Freddie Mac 30-yr avg (Oct 8) + 0.75% investor premium

Est. revenue

$56,022

NOI

$26,932

Cash flow /mo

-$3,165

Cash needed

$303,010

Cash-on-cash

-12.5%

ROE (yr 1)

-1.0%

Cap rate

2.8%

DSCR

0.41

Year-1 write-off

$236,722

Year-1 tax shield @ 32%

$75,751

Year-1 return on equity

  • Cash flow (annual)-$37,974
  • Principal paydown$5,893
  • Appreciation at%$29,070
ROE-1.0%

Tax savings aren't counted. Turn on “Count tax savings in returns” above if you can use the losses.

Opex, cash-needed & tax-savings breakdown

Annual operating expenses

  • Management (20% of revenue)$11,204
  • Platform fees (3% of revenue)$1,681
  • Maintenance / capex (5% of revenue)$2,801
  • Utilities & supplies$4,200
  • HOA$36
  • Property tax$3,354
  • Insurance (STR-rated)$5,814

Cash needed to close

  • Down payment (25%)$242,250
  • Closing costs (4.0%)$38,760
  • Furnishing (bought new)$22,000

Tax savings if the STR loophole applies

  • Tax shield @ 32%$75,751

Property tax, insurance rate and the land/building split come from this listing's county tax record; other assumptions match the daily feed (see tasks/plan.md).

The write-off comes from the cost segregation estimate below. Not tax advice.

Cost segregation estimate

An estimate from the listing: every part of the home is priced from national construction costs, less wear for age, and the price (less land) is spread over the parts in proportion. The headline is what a typical cost seg study would claim for this property. The answers below are optional refinements.

Depreciable basis

$862,000

Short-life (5/15-yr)

$214,000 · 25%

Year-1 deduction

$237,000

Year-1 tax shield @ 32%

$76,000

Land 11% (county tax record, market value split) · building $648,000 over 39 years · new furniture $22,000

Based on: 2,217 sq ft, built 2023, 2 bd / 2.5 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, stone counters, flooring types, appliance list, septic).

Try the cost segregation calculator on any property →

IRS-guide safe-harbor floor: $144,000 in year 1 (14% short-life, $46,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.

5-year property$152,600
  • Kitchen cabinetsdefault

    $10,700 new × 88% good × 2.09 allocation

    $19,600
  • Kitchen countertops (stone)listing

    $10,900 new × 88% good × 2.09 allocation

    $20,000
  • Decorative trimdefault

    $3,900 new × 88% good × 2.09 allocation

    $7,100
  • Mirrorsdefault

    $300 new × 75% good × 2.09 allocation

    $500
  • Shelvingdefault

    $900 new × 88% good × 2.09 allocation

    $1,700
  • Window coverings (22)default

    $5,500 new × 70% good × 2.09 allocation

    $8,000
  • Carpet, vinyl & laminate (100% of floors)listing

    $14,300 new × 75% good × 2.09 allocation

    $22,300
  • Kitchen & laundry equipment plumbingdefault

    $8,300 new × 94% good × 2.09 allocation

    $16,300
  • Kitchen, laundry & data equipment electricaldefault

    $5,000 new × 94% good × 2.09 allocation

    $9,800
  • Appliances (range, microwave, dishwasher, refrigerator, washer, dryer)listing

    $7,700 new × 75% good × 2.09 allocation

    $12,100
  • Hot tub (freestanding)listing

    $9,000 new × 70% good × 2.09 allocation

    $13,200
  • Furniture bought newlisting

    $16,000 new × 100% good · bought separately

    $16,000
  • Game-room equipment bought newlisting

    $6,000 new × 100% good · bought separately

    $6,000
15-year land improvements$83,500
  • Paving: driveway & walks (paved)default

    $9,800 new × 88% good × 2.09 allocation

    $17,900
  • Landscaping (typical)default

    $9,400 new × 88% good × 2.09 allocation

    $17,300
  • Patiosdefault

    $2,200 new × 88% good × 2.09 allocation

    $4,000
  • Decks & porches (attached)listing

    $24,900 new × 85% good × 2.09 allocation

    $44,300
Building, 39-year$648,000
  • Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault

    $241,000 new × 95% good × 2.09 allocation

    $478,100
  • Building plumbing & fixturesdefault

    $25,000 new × 94% good × 2.09 allocation

    $49,000
  • Building electrical & lightingdefault

    $25,400 new × 94% good × 2.09 allocation

    $49,800
  • HVACdefault

    $25,000 new × 85% good × 2.09 allocation

    $44,300
  • Fireplacelisting

    $2,600 new × 88% good × 2.09 allocation

    $4,800
  • Septic systemlisting

    $12,000 new × 88% good × 2.09 allocation

    $22,000

About the property

Depreciation schedule: typical cost seg study

Year5-yr15-yrBuildingTotal
1$152,600$83,500$700$236,700
2$0$0$16,600$16,600
3$0$0$16,600$16,600
4$0$0$16,600$16,600
5$0$0$16,600$16,600
6+$0$0$580,900$580,900
Total$152,600$83,500$648,000$884,100

Model-based estimate, not an engineered cost segregation study. The IRS doesn’t approve studies; get a professional study before filing. Using these losses against W-2 income needs the short-term rental exception (average stay ≤7 days + material participation). The 39-year building life applies because stays average under 30 days, a separate test (27.5 years for a long-term rental). Federal only: California, Georgia and Wisconsin disallow bonus depreciation, Ohio adds back 5/6 of it, and Tennessee has no personal income tax. Not tax advice.

Market note

STR allowed in most of Sevier County; inside Gatlinburg city limits only in overnight-rental zones.